Gypsy Blu of Ambler bar/restaurant/Entertainment venue
Business Description
Busy downtown Montgomery County restaurant with seating for 200 plus outside seating of around 70. Fully equipped with 2 bar areas and has a seperate banquet room and several private meeting areas. And a municipal parking lot next to the property.
About the Business
- Years in Operation
- 11
- Employees
- 41
- Facilities & Assets
- Opportunity to own and operate Gypsy Blu, one of the premier Restaurants' with bar and entertainment in Montgomery County.Thriving Butler Ave. downtown location with many community events only adds to the opportunity to generate even more revenue. This restaurant features 2 bars one with wine taps and over 22 beers on tap. Weekend live music makes this the place to go.The lease runs until 6/13/2027 with 2- 3 year options extending the term until 2033. Gross revenue is a 3 year average. R liquor license is included in the rent.A true turnkey business !
- Market Outlook / Competition
- One of the only downtown restaurants with a municipal parking lot next to the property.
- Opportunities for Growth
- The restaurant has a separate banquet room with bar that currently is being used for events such as Line Dancing, company Christmas parties and more! This is a growth area. Plus separate kitchen fully equipped for cooking classes and wine tasting.
Real Estate
- Owned or Leased
- Leased
- Building Sq. Ft.
- 10,000
- Rent
- $12,205.00 per month
- Lease Expiration
- 6/13/2033
About the Sale
- Seller Motivation
- Owner is retiring after 40 plus years in the industry
- Transition Support
- The current restaurant manager is available for hire. Do not talk with managers or staff about the restaurant being for sale sale.
Listing Info
- ID
- 2357122
- Listing Views
- 1370
Business Location
Listing ID: 2357122 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.
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